|  |  |  |
| --- | --- | --- |
|   | (b) | **Settlement of Losses:** provide that any loss will be adjusted with Lessee, and settled jointly with Lessor and Lessee, and will be payable in Dollars to Lessor*,* for the
account of all interests, except where the insurance payment does not exceed the Damage Notification Threshold or exceeds the Agreed Value, and Lessor has not notified the insurers to the contrary, in which case the loss will be settled with and
paid to Lessee;  |

  

  


7-1